OREANDA-NEWS. In the course of the Annual general meeting of OJSC VolgaTelecom the shareholders approved the annual report, the annual accounting statement, introduced changes to the Company’s Charter and in a number of Provisions regulating the Company’s activities and its management bodies.

OJSC VolgaTelecom shareholders passed the resolution of distributing the Company’s profit at 2006 end as follows: gains in the Company’s equity - RUR 1 820 186 159,05, dividends payment - RUR 633 401 556,68, including:
- On preferred shares - RUR 2,9928 per a share; payout time - from July 15 to November 1, 2007;
- On ordinary shares - RUR 1,5776 per a share; payout time - from July 15 to November 1, 2007.

LLC “Ernst & Young” was elected the Company’s auditor for 2007.